Is Milestone Credit Card Legitimate? | Customer Complaints
Yes, the Milestone credit card is legitimate and not a scam. It is issued by The Bank of Missouri and serviced by Concora Credit, designed for people with bad credit who want to build their credit history.
However, due to its very high fees and interest rates, it is often viewed as one of the less favorable options for rebuilding credit.
Why Milestone is a legitimate, real credit card
- Reputable issuer: The card is issued by The Bank of Missouri, an FDIC member with an A+ rating from the Better Business Bureau (BBB).
- Reports to credit bureaus: It reports account activity to all three major credit bureaus (Experian, Equifax, and TransUnion), which is necessary for rebuilding credit.
- Unsecured credit: Unlike many cards for bad credit, it is an unsecured card, meaning you do not have to provide a security deposit.
The high cost and why some feel it's a "bad deal" that causes customer complaints
Major complaints about the Milestone credit card revolve around its high fees, low credit limits, poor customer service, and unexpected account closures. While the card is legitimate and reports to credit bureaus, consumer reviews on sites like the BBB and WalletHub detail significant frustration with the card's features and servicing.
The features that make Milestone a legitimate card are often overshadowed by its high costs, leading to dissatisfaction.
- High annual fees: The annual fee can be high, with one version of the card charging $175 in the first year.
- Monthly fees: After the first year, some versions of the card start charging a monthly fee on top of the annual fee.
- High APR: The interest rate is very high, with a purchase APR of around 35.9%, making carrying a balance extremely expensive.
- Low credit limit: The initial credit limit is often low, such as $700. After the first year's annual fee, the available credit may only be $525, reducing the card’s utility.
The bottom line
While not a scam, the Milestone card is a very expensive tool for building credit.
Who it might be for: Someone who cannot get approved for a more affordable secured card and needs an unsecured card to start building or rebuilding their credit history.
Better alternatives to consider: If possible, look for a secured credit card. Secured cards require a refundable deposit and typically have lower or no annual fees and more manageable APRs. They still report to credit bureaus, providing a less costly way to build credit.
Milestone® Mastercard®
- Guaranteed $700 credit limit if approved.
- Apply with Confidence! There is no impact to your credit score if you’re not approved. See terms.
- Don't Have Perfect Credit? No Problem!
- Join over a million consumers who are working on building their access to credit.
- Zero Fraud Liability - Peace of mind that comes with having a Mastercard.
- Get the credit you deserve, even with less-than-perfect history.
- No security deposit, and a path to better credit.
- CLICK HERE TO APPLY ONLINE
Milestone® Mastercard® - $1,000 Credit Limit
- Guaranteed $1,000 credit limit if approved.
- Apply with Confidence! There is no impact to your credit score if you’re not approved. See terms.
- Don't Have Perfect Credit? No Problem!
- Join over a million consumers who are working on building their access to credit.
- Zero Fraud Liability - Peace of mind that comes with having a Mastercard.
- Get the credit you deserve, even with less-than-perfect history.
- No security deposit, and a path to better credit.
- CLICK HERE TO APPLY ONLINE
Milestone® Mastercard® 1.5% Cashback Rewards
- Turn everyday purchases into 1.5% Cashback Rewards!
- A guaranteed $700 credit limit to help get your financial goals on track, if approved.
- Apply with Confidence! No Impact to your credit score if you cannot be approved. See terms.
- No upfront security deposit required so you can keep more money in your pocket.
- Join over a million consumers who are working on building their access to credit.
- Zero Fraud Liability - Peace of mind that comes with having a Mastercard.
- A rewards card for people with less than perfect credit!
- CLICK HERE TO APPLY ONLINE
Found this guide helpful? Bookmark it for future reference as you continue your financial journey!
Experian Boost: A Comprehensive Guide to Boosting Your Free Credit Score
FICO® Credit Scores
FICO® Score Ranges:
- Exceptional: 800–850
- Very Good: 740–799
- Good: 670–739
- Fair: 580–669
- Poor: 300–579
What is a Credit Score?
A credit score is a three-digit number, typically ranging from 300 to 850, that predicts your creditworthiness—how likely you are to repay borrowed money on time. Lenders use this score to assess the risk of lending to you and to determine the interest rates and terms of any credit you might receive.
Why is a Credit Score Important?
A credit score is important because it acts as your financial reputation. Lenders, landlords, insurers, and employers use this single number to quickly judge how reliable you are with money. A higher score helps you qualify for loans and credit cards, often securing lower interest rates that can save you significant money. Conversely, a poor credit score can lead to application denials or much higher costs for borrowing, making it a key factor in your overall financial opportunities.
FICO® Credit Score Facts
- Three-Digit Number: Like other credit scores, FICO® Scores are a three-digit number that summarizes a consumer's credit risk.
- Range: Most standard FICO® Scores range from 300 to 850. Higher scores indicate lower credit risk.
- Data Source: FICO® Scores are calculated using data from your credit reports maintained by the three major credit bureaus: Experian, Equifax, and TransUnion. Your score may vary slightly depending on which bureau's data is used.
- Industry Standard: Lenders rely on FICO® Scores for mortgages, auto loans, and credit cards because they provide a consistent, statistically sound assessment of the likelihood that a borrower will repay their debt.
Note: Credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any credit card product.
Security Notice: All Applications utilize Secure SSL Technology for secure transmissions.
*See the online credit card applications for details about terms and conditions of credit card offers. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the " Apply Now " button you can review the credit card terms and conditions on the credit card issuer's web site.
Advertiser Disclosure: The card offers that appear on this site are from companies from which Gettingacreditcard.com may receive compensation when a customer clicks on a link, when an application is approved, or when an account is opened. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Gettingacreditcard.com does not include all card companies or all card offers available in the marketplace.
© 2006-2026 GettingACreditCard.com, All Rights Reserved.